Annual Secretarial Compliance Report for the year ended 31st March, 2025
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Awaiting price reaction for this filing.
Parshva Enterprises filed its Annual Secretarial Compliance Report for FY25, confirming compliance with SEBI LODR regulations on secretarial standards, policies, website disclosures, insider trading, and related party transactions. The company has 2 wholly owned subsidiaries, neither qualifying as material subsidiaries. BSE levied two fines during the period: Rs 59,000 for a Regulation 28 violation which was paid on 12 June 2024, and Rs 15.36 lakh for a Regulation 13(3) investor grievance non-submission for Q ended June 2019, for which the company has applied for waiver. Previous fines totalling Rs 8.91 lakh for board composition non-compliance in FY23 were waived by BSE on 16 April 2024. Statutory auditor was changed - M/s Bohara Shah & Co replaced M/s Choudhary Choudhary & Co from 15 May 2024 after the latter completed its 5-year term.
This is a routine regulatory filing with no material current compliance issues. Historical fines are either paid or waived, and the pending waiver application for the Rs 15.36 lakh fine is unlikely to materially impact the stock. Minor negative signal from the recurring past compliance lapses, but the company appears to be in good standing now.